|Cover to IDW's April PREVIEWS Solicits|
“This change recognizes the growth and importance of IDW Publishing,” said Diamond President and CEO Steve Geppi, “and we look forward to working with them for many years to come.”
Diamond VP Purchasing Bill Schanes added, “Since IDW began publishing, they have grown consistently each and every year, while at the same time establishing one of the best editorial, marketing, and business teams in our industry. They’re easy to work with, understand our market, and are forging ahead with new strategies and plans to grow the consumer appetite for comics and graphic novels.”
In April, Diamond’s PREVIEWS catalog and PREVIEWSworld.com website will showcase IDW’s new vendor status as the company moves to the “Premier Comics” section. IDW will have an exclusive section in the front of the catalog each month, highlighting their new offerings to comic shop retailers and customers. "We are very pleased to have completed this groundbreaking agreement with Diamond," said Ted Adams, CEO of IDW Publishing. "By combining Diamond’s leadership in distribution with IDW’s ten-plus years in developing, creating and marketing comic books and graphic novels, we have created an ideal relationship for each of our companies. The comic book medium is trending upward in all parts of consumer awareness and we are proud to be a partner with Diamond for the future."
Key Points to the Agreement include:
Under the new agreement and as a result of the company’s consistently strong market share, IDW will have premier status within Diamond and Diamond’s PREVIEWS, including an exclusive section at the front of the monthly catalog.
Discount and Terms of Sales
IDW Publishing will remain in a traditional buy/sell relationship with Diamond, with their books continuing to be sold to comic shops under Diamond’s Terms of Sale (unlike Diamond’s brokerage arrangement with publishers like Marvel and DC Comics where Diamond acts as a sales agent). Discounts will remain unchanged at this time.
Final Order Cut-Off
IDW will be added to Diamond’s Final Order Cut-Off Program sometime in the near future. “Since IDW is a traditional buy/sell vendor, we have some programming work to do, but we expect to have that finalized later this year,” said Schanes.
Book Market Distribution
Diamond remains the exclusive book market distributor of IDW’s publishing efforts. “We’re extremely proud of the progress we’ve made in helping IDW grow its sales in the book store market over the last five years,” said Diamond Book Distributors VP Sales & Marketing, Kuo-Yu Liang. “From their strong licensed properties to their successful launch last year of the Worthwhile Books line for kids, IDW has adeptly shown what products will sell into the book market channel.”